We just settled the bill for our oldest daughter’s second year of college, so I thought I’d update you how she’s doing with her goal of graduating debt free.
With all the uncertainty around the Coronavirus outbreak, I wanted to take a minute to tell you how our family is handling things, and what you can expect from My Frugal Home, while this is going on.
Our oldest daughter is headed off to college in the fall, so she and I recently put together a list of all of the things she’ll need to outfit her dorm and stock up on toiletries. Being a frugal kid, she’s challenged herself to see how much of it she can get for free, and we thought it would be fun to track her progress here.
You can’t form a plan to get out of debt, unless you know how much debt you’re actually dealing with. So, pull out your credit card statements and bills, and use this printable debt load worksheet to figure out how much you owe.
My husband and I don’t lose sleep worrying about how we’re going to pay for our kids’ college education because we decided long ago that we’re not footing the bill. That always shocks people when it comes up in conversation, and I’m sure it’ll shock some of you, too. But we truly believe we’re doing the best thing for them and for us.
I don’t want to be one of those people who talks about all the things they’re going to do someday, but never actually does them. And neither does my husband. So, we go after the things we want hard, and we don’t allow ourselves to be intimidated by the size of our goals. Since big goals often come with big price tags, we’ve gotten to be good savers. Here’s how we plan and save for the things we want.
Over the years, you guys have seen us make some pretty big things happen, like buying the cabin and our office. But I haven’t talked much about how we made those things happen, and I should have. Because big things like that don’t happen on a normal-person income without a ton of planning and work. So, this year, I want to share our short-term and long-term goals with you, so you can follow along as we figure out how we’re going to tackle them.